Why Strive (ASST) Extended Losses, Dropped 17.86%

Company Overview - Strive Inc. (NASDAQ: ASST) is a newly formed company resulting from the merger between Asset Entities Inc. and Strive Enterprises Inc. [2] - The company has finalized equity financing amounting to $750 million, with an additional $750 million potentially available through warrants [2] Recent Performance - Strive Inc. experienced a significant decline, dropping 17.86% to close at $3.68 per share, marking its fourth consecutive day of losses [1] - The decline follows a steep surge attributed to a $1.5 billion Bitcoin strategy, as investors began to book profits [1] Leadership Changes - Recent leadership changes include Matt Cole taking on the roles of chairman and CEO, while Ben Pham has been appointed as CFO [3] - Arshia Sarkhani, the former CEO of Asset Entities, has assumed the role of chief marketing officer [3] Strategic Focus - The executive team emphasizes their expertise in Bitcoin, capital markets, and governance, aiming to drive substantial shareholder value [4] - The company's mission is to increase Bitcoin per share and outperform Bitcoin over the long term [4]